Zaggle Prepaid Ocean Services Limited IPO
₹156 - ₹164
90
12.86
| Open Date: | 14-Sep-2023 |
| Close Date: | 18-Sep-2023 |
| Allotment Date: | 21-Sep-2023 |
| Listing Date: | 22-Sep-2023 |
| Listing Price: | ₹237.1/- |
| Face Value: | ₹1 Per Equity Share |
| Issue Price: | ₹156-164 Per Equity Share |
| Issue Size: | Total Issue Size 34,352,255 shares (aggregating up to ₹563.38 Cr) : Fresh Issue 23,902,439 shares (aggregating up to ₹392.00 Cr) : Offer for Sale 10,449,816 shares of ₹1 (aggregating up to ₹171.38 Cr) |
| Market Lot (Min Amount): | Retail - ₹14,760 : S-HNI - ₹206,640 : B-HNI - ₹1,003,680 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 10,305,677 | 5,152,838 | 3,435,225 | 18,893,740 |
| Day 1 - 14-09-23 05:00 PM | 0.00x | 0.11x | 0.92x | 0.20x |
| Day 2 - 15-09-23 05:00 PM | 0.00x | 0.30x | 1.99x | 0.44x |
| Day 3 - 18-09-23 05:00 PM | 16.94x | 9.16x | 6.15x | 12.86x |
| Total No. of Application: | 1,59,915 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 4.19x | |||
| Earning Per Share(EPS) | ₹2.46/- |
| P/E Ratio | 66.67 |
| RoNW | 46.98% |
| Net Asset Value (NAV) - Post Issue: | ₹N/A/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Mar,2023 | 234.76 | 554.58 | 22.90 |
| Pre Issue Share Holding | 57.91% |
| Post Issue Share Holding | N/A% |
| 1. Mr. Raj P Narayanam |
| 2. Mr. Avinash Ramesh Godkhindi |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Expenditure towards Customer acquisition and retention.
- Expenditure towards the development of technology and products.
- Repayment/ pre-payment of certain borrowings, in full or part, availed by the company.
- General corporate purposes.
Incorporated in 2011, Zaggle Prepaid Ocean Services Limited provides financial technology (fintech) products and services to manage corporate business expenses through automated and innovative workflows.
The company offers fintech and SaaS products and services to corporates working in the fields of banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure, and automobile industries. The SaaS platform is designed for: (i) business spend management (including expense management and vendor management); (ii) rewards and incentives management for employees and channel partners; and (iii) gift card management for merchants, which we refer to as customer engagement management system (CEMS).
Zaggle's product portfolio includes:
- Propel: a corporate SaaS platform for channel rewards and incentives, employee rewards and recognition
- Save: a SaaS-based platform and a mobile application that offers expense management solutions for business spend management facilitating digitized employee reimbursements and tax benefits.
- CEMS: a customer engagement management system that enables merchants to comprehensively manage their customer experiences including rewarding merchants through gift card and loyalty benefits.
- Zaggle Payroll Card: a prepaid payroll card that allows customers to pay contractors, consultants, seasonal and temporary employees, and unbanked wage workers as an alternative to direct deposits to bank accounts or cash payments.
- Zoyer: an integrated data-driven, SaaS-based business spend management platform with embedded automated finance capabilities in core invoice-to-pay workflows.
Zaggle Prepaid Ocean Services' clientele includes companies like TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt, MAZDA, PCBL (RP Sanjiv Goenka Group), Hiranandani Group, Cotiviti, Greenply Industries, and so on.
As of fiscal 2023, the company has over 250 employees, 7 offices across India, more than 1750 customers, and over 1.7 million end users.
No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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